A. Snoopy mentions that cookies are 49 cents referring to the price of cookies b

Question

A. Snoopy mentions that cookies are 49 cents referring to the price of cookies back in August of 1972. Using the CPI data below, calculate what the real price of cookies, in terms of 1982-1984 dollars (this is in base period prices).

Use link https://fred.stlouisfed.org/series/CPIAUCSL

b. Use the Personal Consumption Expenditure price index. What is the real price of cookies now using the PCE price index? Why it so different than part A?

Use link https://fred.stlouisfed.org/series/PCEPI

c) Using the CPI and the most recent data, what would the price of cookies need to equal the same real price as 49 cents was in August 1972?

d) Use the MW link below to answer. What is the rate of inflation between 1974 and 1975?

https://www.infoplease.com/business-finance/labor-and-employment/annual-federal-minimum-wage-rates-1955-2015

Explanation / Answer

Exercise 1 answer-

Accommodations-

Effect+ is people will be more excited when they come onto the ground & it will also give the picture of the people that what they wish & how they wish.

Effect- is if the expectations could not meet then audience numbers will fall down so need to maintain the pace.

Effect- Obviously audiences wanted some good things coming in their way so rating system will definitely give upper edge.

Fighting-

Effect+ is excitement will be there when there is match going on & will also attract more & more people.

Effect- is it may take some time to finish the fight

Effect is match is always fun when there is excitement going on in the match

Wins-

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